The Government has said that it proposes to set up a ‘National Company Law Tribunal’ to consolidate the powers and jurisdiction presently being exercised by various bodies namely, Company Law Board, Board for Industrial and Financial Reconstruction, High Courts and entrust it to the Tribunal. Stating this in written reply to a question in the [...]
Archive for the ‘Company Law’ Category
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Kurshid: Scheme for Companies to get the Delay Condoned
Posted by khyati on August 6th, 2010
The Minister of Corporate Affairs has informed the Lok Sabha that the number of companies that have not filed their Annual Return consecutively during the last three years – 2006-07, 2007-08 and 2008-09, is 2,13,185. Of these the maximum number of 67,858 companies are from the Western Region; 66,345 companies are from
ROC: 1.92 lakh cos haven’t filed balance sheets
Posted by khyati on August 4th, 2010
About 1.92-lakh companies have not filed their balance-sheet in India as on July 31 and out of this, 37,667 companies are from the country’s financial capital – Mumbai. “It is a matter of concern 1.92-lakh companies have not filed their balance-sheet as on July 31. Out of this, 37,667 companies are from Mumbai,” Registrar of [...]
Govt is proposing to make it mandatory to disclose fund flow statement
Posted by khyati on August 2nd, 2010
The government is considering to make it mandatory for all companies to disclose a fund flow statement, an indicator of utilisation of financial resources by an entity, along with their annual financial reports. The provisions for mandatory disclosure of fund flow statement is likely to be included in the Companies Bill, which is pending with [...]
Should CCI hear parties at the preliminary stage, after an informant has filed a complaint?
Posted by khyati on July 30th, 2010
With the Supreme Court starting CCI hearing; the decision is likely to have bearing on future of competition law. The Supreme Court’s questioning of counsel in a case between India’s competition body and its appellate entity may, if it leads to an order along the same lines, provide some relief to companies worried about loss of [...]
Number of Defunct and Inactive Companies as Existing
Posted by khyati on July 29th, 2010
The Government has said that a number of steps have been taken to make the ‘Easy Exit Scheme- 2010’ effective. Giving this information in written reply to a question in the Rajya Sabha, Shri Salman Khurshid, Minister of Corporate Affairs, said that the steps include conducting seminars and workshops involving all stakeholders, to sensitize the [...]
